Cheddar afternoon business update 11/6: Amazon CEO cashes in

Posted: Updated:
NEW YORK -

Amazon shares are near all-time highs, so CEO Jeff Bezos is cashing in.

The world's richest man sold over a billion dollars’ worth of his shares last week, leaving him with more than 16 percent ownership in the company he founded.

Bezos says he’ll invest the money in his private space company Blue Origin.

It's been a tough year for Uber, but the company may be bouncing back. New data from Second Measures shows the business grew by 15 percent from March to September after 400,000 users deleted the app.

However, rival Lyft saw a 33 percent increase during that time.

Netflix users don't panic, your account is not being suspended. A realistic email scam targeted nearly 110 million Netflix subscribers, telling them to click on a link and update credit card information.

Users have been warned about the scam and are being instructed to go to the Netflix site to check their accounts, not click on the phishing link.

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